PALMYRA MINERALS, LTD.

Operated by VARAS ENERGY OPERATING COMPANY, (P-5 102824) in the LOPENO (CONSOLIDATED) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 156168District 04Field 548660052 tax incentive programmesCondensateGasSaveExport
Value, all time
$9.1 M
Jul 1995 – May 2026
Value, last 12 filed months
$1 k
at the published price for each month
Months reported
371
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 311 leases and 311 wells, and the rule below applies to all of them.

Discovered
2005-07-11
as the register files it
Field class
Gas
the register's own label
Between wells
0 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2005-07-11.

The Commission's schedule remark for this field reads: THERE IS NO BETWEEN WELL SPACING. NO P-15 AND PLATS REQUIRED.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas221996-01-24 – 1998-08-272 dockets
NGPA2none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition173 bbl$3,513
GasProduction5,516,232 Mcf$9,136,681
Total$9,140,195

2,843,570 Mcf of this lease's gas, across 17 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 26.6708, -99.1185. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

26.67075, -99.11848 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
11,440 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 11,440 ft.

Completions filed
Jul 1995
1 of 1 wells

1 well

42-50533301111,440 ftJul 1995

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (371)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

371 months

May 20260133106.413.05$405
Apr 202609898.932.87$281
Mar 202609989.753.15$312
Feb 202605863.503.75$218
Jan 202601259.138.00$96
Dec 202501656.664.41$71
Nov 202501658.593.93$63
Oct 20250059.383.30$0
Sep 20250062.743.08$0
Aug 20250063.933.01$0
Jul 20250066.743.32$0
Jun 20250066.483.13$0
May 20250060.553.23$0
Apr 20250062.363.54$0
Mar 20250067.704.27$0
Feb 20250070.884.34$0
Jan 20250074.324.28$0
Dec 20240068.993.12$0
Nov 20240069.052.20$0
Oct 20240071.372.28$0
Sep 20240069.612.36$0
Aug 20240075.632.06$0
Jul 20240079.932.15$0
Jun 20240078.082.63$0
May 20240078.812.20$0
Apr 20240084.451.66$0
Mar 20240080.301.55$0
Feb 20240076.091.78$0
Jan 20240073.023.30$0
Dec 20230071.262.61$0
Nov 20230077.892.81$0
Oct 20230085.443.09$0
Sep 20230089.042.74$0
Aug 20230080.522.67$0
Jul 20230074.852.64$0
Jun 20230068.962.26$0
May 20230070.622.23$0
Apr 20230078.122.24$0
Mar 20230072.852.39$0
Feb 20230075.112.47$0
Jan 202301176.533.39$37
Dec 202201976.415.73$109
Nov 20220085.005.65$0
Oct 202201087.185.86$59
Sep 20220084.888.16$0
Aug 20220194.529.13$9
Jul 2022010101.587.54$75
Jun 202204115.097.98$32
May 2022055109.378.43$464
Apr 20220107104.226.84$732
Mar 2022010108.885.08$51
Feb 202201491.054.86$68
Jan 202201881.844.54$82
Dec 202101371.323.90$51
Nov 202102077.435.24$105
Oct 202101579.795.71$86
Sep 20210869.865.35$43
Aug 202102966.024.22$122
Jul 202102270.783.98$88
Jun 20210869.493.38$27
May 202102463.483.02$72
Apr 202103160.362.76$86
Mar 202103161.302.72$84
Feb 202101757.805.55$94
Jan 20210750.412.81$20
Dec 20200844.642.68$21
Nov 202003438.772.71$92
Oct 202003836.972.48$94
Sep 202002137.091.99$42
Aug 202003539.982.39$83
Jul 202003438.371.83$62
Jun 202004834.901.69$81
May 202005016.921.81$91
Apr 202006414.751.80$115
Mar 2020111330.341.86$240
Feb 20200049.881.98$0
Jan 20200857.252.09$17
Dec 20190059.012.30$0
Nov 20190055.302.75$0
Oct 20190053.472.42$0
Sep 20190055.052.66$0
Aug 20190053.112.30$0
Jul 20190056.272.46$0
Jun 201905052.782.49$125
May 2019011958.482.74$326
Apr 201901,10162.632.75$3,029
Mar 201901,93456.803.06$5,922
Feb 201901,85850.852.79$5,188
Jan 201902,02846.033.23$6,547
Dec 201802,03046.594.19$8,496
Nov 201802,32052.934.24$9,830
Oct 201802,54561.443.40$8,648
Sep 201803,10659.543.11$9,653
Aug 2018092759.403.07$2,843
Jul 201802,78865.142.93$8,174
Jun 201803,00660.183.08$9,249
May 201803,32065.382.90$9,631
Apr 201803,45563.842.90$10,022
Mar 201803,81761.222.79$10,637
Feb 201803,84461.782.77$10,633
Jan 201805,68662.874.01$22,797
Dec 201704,88357.272.92$14,266
Nov 201704,71955.423.12$14,716
Oct 2017040049.292.98$1,193
Sep 201708847.523.09$272
Aug 2017010045.373.00$300
Jul 201709343.873.09$287
Jun 2017010442.493.09$321
May 2017010645.373.26$346
Apr 2017011847.933.21$379
Mar 2017011846.772.98$352
Feb 2017013650.452.95$402
Jan 2017015549.413.42$530
Dec 2016019848.763.72$737
Nov 2016017842.492.64$471
Oct 2016021346.193.09$658
Sep 2016020041.553.10$620
Aug 2016022941.442.92$670
Jul 2016020941.622.92$611
Jun 2016020445.352.69$548
May 2016026042.521.99$518
Apr 2016017136.561.99$340
Mar 2016026833.011.79$481
Feb 201601,43426.472.06$2,959
Jan 201602,79227.352.36$6,601
Dec 201503,47132.362.00$6,947
Nov 201502,99538.792.17$6,491
Oct 201502,96743.552.43$7,200
Sep 201502,76342.992.76$7,622
Aug 201502,58140.162.87$7,414
Jul 201502,10648.152.95$6,202
Jun 201502,97156.152.88$8,565
May 201503,93455.212.96$11,627
Apr 201503,77749.822.71$10,223
Mar 201503,41642.892.93$10,025
Feb 201503,18144.662.98$9,467
Jan 201504,07543.433.10$12,635
Dec 201404,34754.693.59$15,612
Nov 201404,58270.464.25$19,482
Oct 201405,27478.303.90$20,574
Sep 201405,35086.164.05$21,643
Aug 201405,37289.394.04$21,677
Jul 201405,82496.564.18$24,342
Jun 201402,56798.164.74$12,160
May 201406,52994.734.73$30,860
Apr 201407,31295.944.81$35,164
Mar 201407,93795.895.06$40,136
Feb 201408,00197.406.19$49,542
Jan 201409,58690.404.86$46,595
Dec 201309,93691.824.35$43,266
Nov 2013011,84988.853.74$44,295
Oct 2013015,49897.423.78$58,573
Sep 201302,501104.113.72$9,298
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 20130093.964.28$0
Mar 20130093.623.91$0
Feb 20130091.233.42$0
Jan 2013099191.603.42$3,389
Dec 20120086.773.42$0
Nov 20120086.953.62$0
Oct 201206,12189.383.40$20,809
Sep 20120094.672.92$0
Aug 20120092.662.91$0
Jul 201202,67585.133.02$8,081
Jun 20120079.822.52$0
May 20120091.612.49$0
Apr 201200101.652.00$0
Mar 201201,859105.052.22$4,131
Feb 201201,073101.102.57$2,758
Jan 201202,85498.092.73$7,803
Dec 201104,10496.873.24$13,296
Nov 20110095.723.31$0
Oct 201104,17184.983.65$15,218
Sep 201105,59583.623.99$22,301
Aug 2011040683.404.15$1,685
Jul 20110994.144.52$41
Jun 201102,79192.904.64$12,950
May 201102,57098.134.40$11,320
Apr 201100105.964.33$0
Mar 20110096.364.06$0
Feb 201101,38285.644.18$5,777
Jan 20110086.504.59$0
Dec 2010072985.734.35$3,170
Nov 2010093480.843.80$3,545
Oct 2010088578.103.51$3,105
Sep 20100072.633.98$0
Aug 201002,32973.684.42$10,293
Jul 2010077772.554.74$3,680
Jun 2010096070.364.91$4,714
May 201002,96971.124.24$12,574
Apr 201002,08781.694.12$8,604
Mar 201004,27478.394.39$18,757
Feb 201001,44873.585.44$7,881
Jan 201001,89574.365.96$11,302
Dec 200904,05371.445.48$22,226
Nov 200904,13974.593.75$15,527
Oct 200905,80372.544.11$23,852
Sep 20090065.543.06$0
Aug 200904,86467.423.22$15,655
Jul 20090061.133.46$0
Jun 200901,65466.163.90$6,442
May 200901,16354.743.93$4,566
Apr 2009014346.773.59$513
Mar 200901,20842.144.06$4,903
Feb 200901,57732.814.63$7,306
Jan 200909735.865.37$521
Dec 200802,83937.105.98$16,969
Nov 200801,48355.496.86$10,174
Oct 200805,69575.246.92$39,421
Sep 200801,074101.767.88$8,460
Aug 200803,138114.228.48$26,620
Jul 200804,714131.0811.39$53,690
Jun 200803,660131.3313.03$47,699
May 200805,955123.1711.57$68,925
Apr 200806,879110.3110.45$71,919
Mar 200803,084101.909.66$29,804
Feb 2008034392.538.77$3,008
Jan 200802,24990.388.21$18,455
Dec 200705,74288.337.30$41,928
Nov 200708,50491.677.29$62,009
Oct 200708,60082.856.92$59,529
Sep 200704,79675.846.24$29,947
Aug 2007017769.066.39$1,131
Jul 200701,30670.906.39$8,343
Jun 200704,90362.007.55$37,010
May 200708,99358.747.85$70,562
Apr 20070059.617.81$0
Mar 200709,83256.927.30$71,793
Feb 2007073655.108.22$6,047
Jan 2007014,98050.306.73$100,768
Dec 200606756.656.92$464
Nov 2006011,02254.207.62$83,960
Oct 200601,05154.906.01$6,321
Sep 20060060.085.04$0
Aug 200602,15868.717.34$15,840
Jul 200603469.376.34$216
Jun 20060066.286.38$0
May 20060066.016.42$0
Apr 20060064.397.36$0
Mar 2006040856.707.08$2,890
Feb 20060057.597.75$0
Jan 200606360.598.93$563
Dec 200503554.9413.42$470
Nov 2005064354.6910.59$6,808
Oct 2005043158.3413.80$5,946
Sep 2005069661.4512.08$8,407
Aug 200501,83361.519.80$17,958
Jul 200501,74655.697.84$13,695
Jun 2005071252.337.38$5,255
May 200506,10245.226.65$40,585
Apr 200506,34649.207.36$46,710
Mar 200506,54050.377.15$46,793
Feb 200501,30745.226.31$8,250
Jan 200503,29443.166.32$20,825
Dec 200402,88539.866.75$19,477
Nov 200402,66745.286.33$16,883
Oct 200404,55149.706.52$29,650
Sep 200406,34943.245.28$33,547
Aug 200406,47742.375.55$35,952
Jul 200405,00038.286.08$30,421
Jun 200404,30836.106.43$27,713
May 200404,81037.486.49$31,239
Apr 200406,36634.475.86$37,295
Mar 200406,77534.365.53$37,467
Feb 200407,99032.455.51$44,022
Jan 200407,99032.036.30$50,334
Dec 200308,47230.266.30$53,387
Nov 200308,60728.804.60$39,551
Oct 200308,86528.174.76$42,194
Sep 200307,70026.314.75$36,570
Aug 200308,11629.765.13$41,633
Jul 200308,13229.415.17$42,049
Jun 200309,18028.565.98$54,924
May 200308,24226.595.97$49,227
Apr 2003278,32126.675.41$45,714
Mar 200309,44731.146.10$57,589
Feb 200309,68633.487.93$76,770
Jan 2003010,12830.315.58$56,535
Dec 200208,61726.914.85$41,825
Nov 2002011,74224.664.14$48,576
Oct 2002012,60626.464.23$53,312
Sep 2002011,78127.443.64$42,826
Aug 2002012,30325.963.16$38,929
Jul 2002114,21624.583.06$43,551
Jun 2002014,04023.733.34$46,869
May 200206,93624.663.58$24,859
Apr 2002012,22223.653.51$42,928
Mar 2002013,63122.003.10$42,293
Feb 2002111,33318.222.38$26,942
Jan 2002012,33017.172.38$29,292
Dec 2001013,01216.932.36$30,766
Nov 2001013,21318.072.41$31,784
Oct 2001013,77119.782.53$34,825
Sep 2001012,86524.262.25$28,963
Aug 2001015,34224.873.05$46,842
Jul 2001015,10723.933.20$48,298
Jun 2001015,56724.563.82$59,531
May 2001016,03025.524.31$69,046
Apr 2001014,85124.685.34$79,235
Mar 2001716,79024.545.38$90,442
Feb 2001016,13927.755.77$93,075
Jan 2001017,89527.478.40$150,296
Dec 2000217,76926.889.12$162,151
Nov 2000119,45132.215.66$110,086
Oct 2000319,03231.235.15$98,023
Sep 2000516,71431.875.19$86,847
Aug 2000118,75329.644.54$85,182
Jul 2000118,91628.534.09$77,390
Jun 2000319,41329.304.40$85,452
May 2000218,52427.263.68$68,218
Apr 2000218,27324.513.12$56,988
Mar 2000518,70228.422.86$53,625
Feb 2000218,02127.622.73$49,190
Jan 2000520,95725.272.48$52,110
Dec 1999221,90124.282.42$53,130
Nov 1999121,29923.192.43$51,865
Oct 1999122,84220.982.80$64,063
Sep 1999322,73621.752.62$59,607
Aug 1999124,71119.262.88$71,078
Jul 1999226,26017.892.37$62,334
Jun 1999226,59915.942.36$62,861
May 1999429,21715.792.32$67,876
Apr 1999328,30115.102.21$62,535
Mar 1999224,99412.471.84$45,972
Feb 1999122,5729.981.82$41,041
Jan 1999025,80410.381.90$49,026
Dec 1998028,5519.201.77$50,630
Nov 1998026,34410.892.19$57,581
Oct 1998030,01912.421.97$59,114
Sep 1998429,25212.592.08$60,971
Aug 1998635,20711.301.91$67,220
Jul 1998437,32811.742.24$83,560
Jun 1998739,63411.242.24$88,751
May 1998640,70412.622.21$89,883
Apr 1998742,15113.042.51$105,693
Mar 1998443,02512.802.31$99,415
Feb 1998538,11713.952.30$87,706
Jan 1998051,91314.702.15$111,862
Dec 1997050,35716.322.41$121,416
Nov 1997451,09018.193.09$157,852
Oct 1997554,82719.253.15$172,791
Sep 1997552,13117.742.95$154,130
Aug 1997461,91717.862.55$158,253
Jul 1997560,22017.582.25$135,399
Jun 1997467,74417.242.26$152,981
May 1997475,29118.972.31$173,885
Apr 1997275,83017.882.08$157,973
Mar 1997385,30418.951.94$165,473
Feb 1997360,70220.492.21$133,964
Jan 1997071,70023.483.54$253,796
Dec 1996077,49623.32$0
Nov 1996078,95321.97$0
Oct 1996089,92923.31$0
Sep 1996095,45922.22$0
Aug 19960103,84520.26$0
Jul 19960108,55519.55$0
Jun 19960114,53818.73$0
May 19960125,74919.43$0
Apr 19960156,74021.51$0
Mar 19960184,84219.38$0
Feb 19960204,47716.98$0
Jan 19960255,84017.07$0
Dec 19950288,27017.19$0
Nov 19950320,55516.00$0
Oct 19950390,68215.43$0
Sep 19950243,95116.18$0
Aug 199503,68915.92$0
Jul 19950015.24$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                  133 Mcf  × $  3.05 =       $405

────────────────────────────────────────────────────
Month total                                     $405

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 04/G/156168 is the state's own key, not one this site invented.